Chennai, (Coal Geology) Industrial furnace maker Electrotherm (India) Ltd is hoping to increase its exports by Rs.150 crore this fiscal from last year’s figure of Rs.200 crore.
‘We hope to achieve an export revenue of Rs.350 crore this year up from Rs.200 crore earned last year,’ Bharat Tank, deputy general manager (International Business) told reporters here Tuesday, announcing the installation of a 400-tonne furnace at a client’s site.
According to him, the 40-tonne furnace would reduce cost of making steel billets by Rs.800 per tonne.
‘The new 40-tonne Titon series furnace has largest level of automation which is customised as such there is no fixed price for the machine,’ he said.
He said the company can make around 30 units of 40-tonne furnace annually and will be targeting the steel mills.
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